OIL-DRI CORP OF AMERICA (ODC) Stock Technical Analysis
NYSE:ODC • US6778641000
We assign a technical rating of 10 out of 10 to ODC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ODC is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ODC is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, ODC also shows a nice and consistent pattern of rising prices.
- ODC is one of the better performing stocks in the Household Products industry, it outperforms 90% of 12 stocks in the same industry.
- ODC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ODC has a been trading in the 59.36 - 68.98 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ODC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
49.80
When analyzing the support we can see 4 important areas.
- Support @65.57 from a trend line in the daily time frame.
- A support zone ranging from 63.69 to 64.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.49 from a horizontal line in the daily time frame.
- Support @50.30 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ODC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ODC is up. |
| ChartMill Relative Strength | 88.8 | POSITIVE | ODC has a high relative strength, it outperformed 88.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ODC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ODC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ODC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.54 | OVERBOUGHT | The high RSI value suggests ODC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ODC has a positive trend. |
| Stochastics (14,3) | 79.04 | NEUTRAL | The Stochastics value for ODC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for ODC suggests some volalility. |
| Average Directional Index/ADX (14) | 49.72 | POSITIVE | The high ADX value value for ODC suggests a strong trend. |
67.84
+0.54 (+0.8%)
OIL-DRI CORP OF AMERICA / ODC FAQ
What is the technical rating for ODC stock?
ChartMill assigns a technical rating of 10 / 10 to ODC.
What is the trend direction for ODC stock?
The current trend direction for OIL-DRI CORP OF AMERICA (ODC) is Bullish.
What is the RSI signal for OIL-DRI CORP OF AMERICA (ODC) stock?
OIL-DRI CORP OF AMERICA (ODC) has an RSI value of 76.5416. This indicates that the stock is currently overbought.
What is the MACD signal for OIL-DRI CORP OF AMERICA (ODC) stock?
The MACD indicator for OIL-DRI CORP OF AMERICA (ODC) has a value of 0.0189978, indicating a bearish trend.
What is the support and resistance level for ODC stock?
OIL-DRI CORP OF AMERICA (ODC) has a support level at 65.57. Check the full technical report for our detailed analysis of ODC support and resistance levels.